GST Advisory and Consultancy focuses on the practical application of GST law to business transactions. It covers classification of goods and services, determination of value, place of supply, time of supply, reverse charge mechanism and eligibility of input tax credit.
Advisory Areas
Typical issues addressed include:
Classification and HSN / SAC determination
Valuation of supplies including related-party transactions
Place of supply and inter-state versus intra-state supplies
Applicability of reverse charge and exemptions
Input tax credit eligibility and restrictions
Approach
Advisory is supported by:
Review of contracts and transaction documents
Analysis of relevant provisions, notifications and circulars
Consideration of advance rulings and judicial decisions
Documentation of the position taken
Support during Proceedings
Assistance is also provided in responding to queries raised during departmental audits or assessments on GST matters.